BofA analyst Ken Hoexter raised the firm’s price target on J.B. Hunt (JBHT) to $171 from $166 and keeps a Buy rating on the shares. Solid April-May Intermodal volume growth appeared to soften in June due to pressure on transcontinental volumes amid tariffs on China, the analyst tells investors in a research note. The firm sees Q2 Intermodal Loas to be up 2% year over year.
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Read More on JBHT:
- Ken Hoexter’s Buy Rating on J.B. Hunt: Strategic Growth Amid Intermodal and Dedicated Fleet Expansion
- J.B. Hunt price target raised to $175 from $156 at Citi
- J.B. Hunt price target raised to $159 from $150 at JPMorgan
- J.B. Hunt price target lowered to $155 from $160 at Morgan Stanley
- J.B. Hunt resumed with an Outperform at Baird